Pool Re loss mitigation credit programme launches
The UK Government’s Crowded Places programme, which will offer companies a chance to apply for a loss mitigation credit (LMC), will be launched today.
Chief Inspector Paul Howell, from the National Counter Terrorism Security Office (NaCTSO), will brief leaders in London on the joint police, Home Office and Treasury initiative that has been agreed with Pool Re insurers.
From October, the LMC will apply to businesses and organisations that are putting in place mitigation measures and security improvements to protect public sites and venues from terrorist attack.
If companies and organisations that own commercial sites across the UK actively engage in the Crowded Places programme, then they will now be eligible to apply for the financial incentive.
Mark Rowley, national police lead for counter terrorism and assistant commissioner, said: "This scheme is an excellent example of the police and private sectors working closely together to keep people safe from the threat of terrorism.
“The Crowded Places scheme provides security improvements for businesses and their customers at their premises. It is a testament to its effect that they can benefit financially from reduced insurance costs.”
John Hayes, security minister,said: “Under the Counter Terrorism Strategy, the Government works with the private sector to improve security arrangements at hundreds of busy locations across the UK.
“I welcome this scheme, which will ensure that site owners who take appropriate steps to mitigate risks can be rewarded for their responsible action to keep the public safe.”
